Why does the Treasury have to borrow money when they can print them?
- FoofaLv 71 month agoFavorite Answer
It's called inflation, you should look it up.
- ArcherLv 71 month ago
You apparently were not listening in Jr. High.
- Anonymous1 month ago
"It was a huge crash, and the beginning of the longest depression in American history," Gordon says. "It actually lasted six years before the economy began to grow again."
During the depression, the government started borrowing money again.
No one says that paying off the debt caused the depression. The bubble was going to pop sometime. But the result was that we had to kiss a debt-free U.S. goodbye. The country never came close again.
- BrianLv 71 month ago
You've manage to end poverty. Go collect your Nobel Prize.